The stock of Tandem Diabetes Care Inc (NASDAQ: TNDM) has increased by 5.20 when compared to last closing price of 27.87. Despite this, the company has experienced a -1.18% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-08 that Tandem Diabetes’ top and bottom lines outpace estimates in the third quarter, backed by the demand for both t:slim X2 and the newly launched Tandem Mobi.
Is It Worth Investing in Tandem Diabetes Care Inc (NASDAQ: TNDM) Right Now?
Company’s 36-month beta value is 1.33.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for TNDM is 65.16M, and currently, short sellers hold a 12.88% ratio of that floaft. The average trading volume of TNDM on November 20, 2024 was 1.31M shares.
TNDM’s Market Performance
The stock of Tandem Diabetes Care Inc (TNDM) has seen a -1.18% decrease in the past week, with a -12.58% drop in the past month, and a -31.00% fall in the past quarter. The volatility ratio for the week is 6.24%, and the volatility levels for the past 30 days are at 5.62% for TNDM. The simple moving average for the last 20 days is -5.81% for TNDM stock, with a simple moving average of -23.00% for the last 200 days.
Analysts’ Opinion of TNDM
Many brokerage firms have already submitted their reports for TNDM stocks, with Bernstein repeating the rating for TNDM by listing it as a “Outperform.” The predicted price for TNDM in the upcoming period, according to Bernstein is $42 based on the research report published on November 06, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see TNDM reach a price target of $46. The rating they have provided for TNDM stocks is “Neutral” according to the report published on October 04th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to TNDM, setting the target price at $65 in the report published on October 02nd of the current year.
TNDM Trading at -20.03% from the 50-Day Moving Average
After a stumble in the market that brought TNDM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.39% of loss for the given period.
Volatility was left at 5.62%, however, over the last 30 days, the volatility rate increased by 6.24%, as shares sank -7.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.68% lower at present.
During the last 5 trading sessions, TNDM fell by -0.17%, which changed the moving average for the period of 200-days by +22.55% in comparison to the 20-day moving average, which settled at $31.14. In addition, Tandem Diabetes Care Inc saw -0.88% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TNDM starting from Novara Mark David, who purchase 532 shares at the price of $23.24 back on Nov 15 ’24. After this action, Novara Mark David now owns 532 shares of Tandem Diabetes Care Inc, valued at $12,364 using the latest closing price.
Allen Dick, the Director of Tandem Diabetes Care Inc, sale 5,000 shares at $51.68 during a trade that took place back on May 30 ’24, which means that Allen Dick is holding 0 shares at $258,400 based on the most recent closing price.
Stock Fundamentals for TNDM
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.44 for the gross margin
The net margin for Tandem Diabetes Care Inc stands at -0.13. The total capital return value is set at -0.19. Equity return is now at value -45.96, with -13.36 for asset returns.
Based on Tandem Diabetes Care Inc (TNDM), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.47. The interest coverage ratio of the stock is -22.27.
Currently, EBITDA for the company is -194.66 million with net debt to EBITDA at -4.29. When we switch over and look at the enterprise to sales, we see a ratio of 2.4. The receivables turnover for the company is 9.08for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.
Conclusion
In a nutshell, Tandem Diabetes Care Inc (TNDM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
